{"product_id":"the-institutional-etf-toolbox-9781119093862","title":"The Institutional ETF Toolbox","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eGet up to speed on the booming innovation surrounding institutional ETF usage.?\u003cbr\u003e\u003c\/b\u003e\u003cbr\u003e\u003ci\u003eThe Institutional ETF Toolbox\u003c\/i\u003e is the institutional investor''s guide to utilizing exchange-traded funds and taking full advantage of the innovative new products in their expanding repertoire. The ETF toolbox is expanding rapidly with nearly one new ETF launching every day this decade so far. As with any financial innovation, this phenomenon brings both opportunity and concerns, as well as a dire need for clarity and strong due diligence skills.\u003cbr\u003e\u003cbr\u003eThis book is both reference and resource, providing data-driven explanations backed by real-world market examplesalongside valuable insight from leading practitioners. Coverage includes an examination of the advantages and growth of ETFs as well as current and future uses of ETFs, emerging markets, and the strategic and tactical perspectives you need to effectively use ETFs to optimal effect. The major concerns surrounding ETFs are\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"This is THE book investors professional or otherwise should read to understand ETFs\" - Ben Carlson (@awealthofcs) \"This book has an impressive scope and offers good depth across many areas.\" - David Foulke (@alphaarchitect)\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003eIntroduction: Institutions and ETFs xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection I: The ETF Phenomenon\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Why are ETFs So Popular? 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLow Cost 4\u003c\/p\u003e \u003cp\u003eLiquidity 6\u003c\/p\u003e \u003cp\u003eTax Efficiency 8\u003c\/p\u003e \u003cp\u003eTransparency 9\u003c\/p\u003e \u003cp\u003eDiversification 11\u003c\/p\u003e \u003cp\u003eEasy Asset Allocation 13\u003c\/p\u003e \u003cp\u003eStandardization 14\u003c\/p\u003e \u003cp\u003eDemocratic 16\u003c\/p\u003e \u003cp\u003eNo Emotion 17\u003c\/p\u003e \u003cp\u003ePassive Investing 17\u003c\/p\u003e \u003cp\u003eFlexibility 19\u003c\/p\u003e \u003cp\u003eAnonymity 20\u003c\/p\u003e \u003cp\u003ePrice Discovery 21\u003c\/p\u003e \u003cp\u003eFiduciary Vehicles 23\u003c\/p\u003e \u003cp\u003eBattle Proven 24\u003c\/p\u003e \u003cp\u003eConvenience 24\u003c\/p\u003e \u003cp\u003eNotes 25\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 ETF Growth 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAsset Growth 27\u003c\/p\u003e \u003cp\u003eETF Assets in Perspective 29\u003c\/p\u003e \u003cp\u003eTrading Growth 30\u003c\/p\u003e \u003cp\u003eProduct Growth 34\u003c\/p\u003e \u003cp\u003eNotes 36\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 ETF Mechanics 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Story of the ETF 38\u003c\/p\u003e \u003cp\u003eThe Creation\/Redemption Process 42\u003c\/p\u003e \u003cp\u003eAMEX Wasn’t Alone 44\u003c\/p\u003e \u003cp\u003eFinally Ready for Launch 46\u003c\/p\u003e \u003cp\u003eNotes 51\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Institutional Usages 53\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCash Equitization 55\u003c\/p\u003e \u003cp\u003eManager Transitions 60\u003c\/p\u003e \u003cp\u003ePortfolio Rebalancing 63\u003c\/p\u003e \u003cp\u003ePortfolio Completion 63\u003c\/p\u003e \u003cp\u003eLiquidity Sleeves 64\u003c\/p\u003e \u003cp\u003eShorting\/Hedging 66\u003c\/p\u003e \u003cp\u003eLong and Lend 70\u003c\/p\u003e \u003cp\u003eTactical Moves 72\u003c\/p\u003e \u003cp\u003eIn-Kind Creation\/Redemption 74\u003c\/p\u003e \u003cp\u003eBespoke ETFs 77\u003c\/p\u003e \u003cp\u003eTax-Loss Harvesting 82\u003c\/p\u003e \u003cp\u003eLong-Term Allocation 83\u003c\/p\u003e \u003cp\u003ePersonal Usage 87\u003c\/p\u003e \u003cp\u003eNotes 89\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 ETF Due Diligence 91\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eExposure 93\u003c\/p\u003e \u003cp\u003eCost 100\u003c\/p\u003e \u003cp\u003eLiquidity 119\u003c\/p\u003e \u003cp\u003eRisk 130\u003c\/p\u003e \u003cp\u003eRegulatory Structure 133\u003c\/p\u003e \u003cp\u003eETF Issuers 136\u003c\/p\u003e \u003cp\u003eETF Ratings 138\u003c\/p\u003e \u003cp\u003eNotes 140\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection II: The ETF Toolbox 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 U.S. Stock ETFs 145\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLarge Caps 146\u003c\/p\u003e \u003cp\u003eMid Caps 155\u003c\/p\u003e \u003cp\u003eSmall Caps 156\u003c\/p\u003e \u003cp\u003eBroad Market 159\u003c\/p\u003e \u003cp\u003eIPOs 162\u003c\/p\u003e \u003cp\u003eSector and Industry ETFs 165\u003c\/p\u003e \u003cp\u003eThe Tech Sector 166\u003c\/p\u003e \u003cp\u003eIndustries 175\u003c\/p\u003e \u003cp\u003eThematic ETFs 180\u003c\/p\u003e \u003cp\u003eNotes 189\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Smart Beta 191\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eControversy 192\u003c\/p\u003e \u003cp\u003eSmart Beta versus Active Management 193\u003c\/p\u003e \u003cp\u003eGrowth and Value 196\u003c\/p\u003e \u003cp\u003eFundamentally Weighted ETFs 197\u003c\/p\u003e \u003cp\u003eSingle Factors 199\u003c\/p\u003e \u003cp\u003eNotes 204\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 International\/Global ETFs 205\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInternational Developed Markets 206\u003c\/p\u003e \u003cp\u003eGlobal 209\u003c\/p\u003e \u003cp\u003eEmerging Markets 212\u003c\/p\u003e \u003cp\u003eThe First Movers 212\u003c\/p\u003e \u003cp\u003eSecond-Generation EM 217\u003c\/p\u003e \u003cp\u003eNext-Generation EM ETFs 221\u003c\/p\u003e \u003cp\u003eCurrency-Hedged ETFs 225\u003c\/p\u003e \u003cp\u003eSingle-Country ETFs 233\u003c\/p\u003e \u003cp\u003eChina 241\u003c\/p\u003e \u003cp\u003eNotes 248\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Fixed Income 251\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRegulations 253\u003c\/p\u003e \u003cp\u003eAggregate Bond ETFs 258\u003c\/p\u003e \u003cp\u003eTreasuries 261\u003c\/p\u003e \u003cp\u003eMortgage Backed Securities 267\u003c\/p\u003e \u003cp\u003eMunicipals 268\u003c\/p\u003e \u003cp\u003eCorporate 270\u003c\/p\u003e \u003cp\u003eSenior Loans 273\u003c\/p\u003e \u003cp\u003eInterest Rate–Hedged ETFs 278\u003c\/p\u003e \u003cp\u003eMulti-Asset Income ETFs 281\u003c\/p\u003e \u003cp\u003eInternational Debt 282\u003c\/p\u003e \u003cp\u003eNotes 284\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Alternatives 285\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHedge Fund Strategies (aka “Liquid Alts”) 286\u003c\/p\u003e \u003cp\u003eCommodity ETFs 293\u003c\/p\u003e \u003cp\u003ePhysically Backed Commodity ETFs 293\u003c\/p\u003e \u003cp\u003eFutures-Based Commodity ETFs 300\u003c\/p\u003e \u003cp\u003eNotes 308\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Leveraged, Inverse, and VIX 309\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLeveraged ETFs 309\u003c\/p\u003e \u003cp\u003eThe VIX 318\u003c\/p\u003e \u003cp\u003eNotes 324\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Actively Managed ETFs 325\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFixed Income 327\u003c\/p\u003e \u003cp\u003eEquity 329\u003c\/p\u003e \u003cp\u003eNotes 334\u003c\/p\u003e \u003cp\u003e\u003cb\u003eConclusion: Five Takeaways 335\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNote 340\u003c\/p\u003e \u003cp\u003eAbout the Author 341\u003c\/p\u003e \u003cp\u003eIndex 343\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default 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